Data as of Oct 28, 2026.

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GARP vs VNQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VNQ's +4.8%; 0% of their weight is in the same names.

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Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.

At a glance
+18.0%
GARP total return, 1 year
+4.8%
VNQ total return, 1 year
0.15%
GARP expense ratio
0.13%
VNQ expense ratio

Pair scorecard

VNQ costs 0.02 points a year less; their one-year returns differ by 13.2 points; VNQ is 10.6 times larger.

GARP vs VNQ: Differences, Returns & Fees
MeasureGARPVNQ
Return
Total return, 1 year+18.0%+4.8%
Drawdown
Below its high7.0%, high on Oct 6, 20268.3%, high on Jul 28, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexMSCI US Investable Market Real Estate 25/50 Index
Cost and size
Expense ratio0.15%0.13%
Net assets, as of Sep 30, 2026$3.4bn$35.9bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund43.5%55.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, GARP and VNQ hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GARP VNQ
WELLTOWER 0.28% 9.12%
Only in one fund ↓
Only in GARP
MICROSOFT 5.67%
APPLE 5.66%
NVIDIA 5.18%
VISA CLASS A 5.13%
META PLATFORMS CLASS A 4.72%
MICRON TECHNOLOGY 4.61%
LAM RESEARCH 3.31%
CATERPILLAR INC 3.29%
Only in VNQ
Vanguard Real Estate II Index Fund 14.51%
Prologis Inc 6.86%
Equinix Inc 5.65%
American Tower Corp 4.32%
Simon Property Group Inc 3.69%
Digital Realty Trust Inc 3.68%
Realty Income Corp 2.85%
Public Storage 2.69%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VNQ Vanguard Real Estate ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI USA Quality GARP Tracks an index of US real estate
Total return, 1 year +18.0% +4.8%
Its benchmark over the same days +13.3% (PBUS) not measured
Gap to its benchmark +4.7 pts vs PBUS not measured
Expense ratio 0.15% 0.13%
Already in the S&P 500 94.4% 62.8%
Holdings 131 141
Net assets, GARP as of Oct 27, 2026 and VNQ as of Sep 30, 2026 $3.6bn $35.9bn

GARP and VNQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
GARP

GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.

VNQ

VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or VNQ?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VNQ +4.8%.
Which is cheaper, GARP or VNQ?
VNQ is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GARP and VNQ overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 63% of VNQ by weight is stocks the S&P 500 already holds.
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ETFIQ, GARP against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-vnq

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